Kelp DAO is a decentralized finance (DeFi) protocol that specializes in liquid restaking for public blockchain networks, with an initial focus on Ethereum. Its flagship product, rsETH, is a Liquid Restaked Token (LRT) that allows users to deposit their Liquid Staking Tokens (LSTs) to gain exposure to restaking rewards from protocols like EigenLayer. The primary mission is to solve the liquidity problem for restaked assets, enabling users to earn multiple layers of rewards (from staking and restaking) while holding a liquid token (rsETH) that can be utilized in other DeFi activities, thereby enhancing capital efficiency.

Founded in

Canada